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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 29,627 $ 27,019
Adjustments to reconcile net income or loss to net cash provided by operating activities:    
Income from investments in related party investment fund (32,197) (18,248)
Net realized and unrealized losses (gains) on other investments (111) 413
Net realized and unrealized losses (gains) on derivatives 64 (472)
Share-based compensation expense 1,298 1,344
Accretion of debt offering costs, net of change in interest accruals 23 123
Net change in:    
Reinsurance balances receivable (64,228) (74,341)
Loss and loss adjustment expenses recoverable (2,173) (19,078)
Deferred acquisition costs (14,510) (4,935)
Unearned premiums ceded (9,350) (7,941)
Loss and loss adjustment expense reserves 55,631 69,101
Unearned premium reserves 59,760 42,321
Reinsurance balances payable (12,162) 2,657
Funds withheld (53) 3,507
Other items, net (1,240) (3,510)
Net cash provided by operating activities 10,379 17,960
Cash flows from investing activities    
Proceeds from redemptions of investment in Solasglas 14,000 0
Contributions to investment in Solasglas (30,000) (30,000)
Proceeds on disposal of other investments 5 168
Net cash used in investing activities (15,995) (29,832)
Cash flows from financing activities    
Repayment of Term Loans (938) (938)
Net cash used in financing activities (938) (938)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 226 (114)
Decrease in cash, cash equivalents and restricted cash (6,328) (12,924)
Cash, cash equivalents and restricted cash at beginning of the period 649,087 655,730
Cash, cash equivalents and restricted cash at end of the period 642,759 642,806
Supplementary information    
Interest paid in cash 1,362 1,724
Income tax paid (refund received) in cash $ (9) $ 0